Liabilities andAssets20062005 Stockholders' Equity20062005Current AssetsCurrent LiabilitiesCash5458.5 Accounts payable87.873.5Notes payable /Accounts receivable56.439.6 short-term debt9.89.6Current maturities ofInventories4642.9 long-term debt39.136.9Other current assets6.13.0Other current liabilities6.012.0Total current assets162.5144.0Total current liabilities142.7132.0Long-Term LiabilitiesLong-term debtLong - Term AssetsLand66.362.1229.6168.9Ruildings107 701 5Canital lease obligationsA. 4.39B. 2.2C. 1.1D. 3.07 91.5Buildings107.7Capital lease obligationsEquipment119.799.6Less accumulateddepreciationNet property, plant, andequipment22.822.2(57.3) (52.5) Deferred taxes236.4200.7 Other long-term liabilitiesTotal long-term liabilities252.4191.1Goodwill60.063.0323.1Other long - term assets42.0 Total liabilities395.1242.7 Stockholders' EquityTotal long - term assets359.4126.863.6Total liabilities and386.7 Stockholders' Equity521.9Total Assets521.9386.7Refer to the balance sheet above. When using the book value of equity, the debt-equity ratio for Luther in 2006 is closest to:A. 4.39B. 2.2C. 1.1D. 3.07

Answer: Debt-equity of Luther in the year 2006 is 2.2

Answered: Liabilities and Assets 2006 2005…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

See similar textbooks

Similar questions

! Required information Problem 12-6A (Algo) Use ratios to analyze risk and profitability (LO12-3, 12-4) [The following information applies to the questions displayed below.] Income statements and balance sheets data for Virtual Gaming Systems are provided below. Net sales Cost of goods sold Gross profit Expenses: VIRTUAL GAMING SYSTEMS Income Statements For the Years Ended December 31 2025 $3,495,000 2,477,000 1,018,000 Operating expenses Depreciation expense Loss on sale of land Interest expense Income tax expense Total expenses Net income 952,000 27,000 16,500 7,700 1,003, 200 14,800 2024 $3,021,000 1,947,000 1,074,000 855,000 25,500 7,700 13,500 46,500 948, 200 125,800
Compute and Interpret Liquidity, Solvency and Coverage Ratios Selected balance sheet and income statement information for Calpine Corporation for 2004 and 2006 follows. ($ millions) Cash 2004 2006 $1,376.73 $1,503.36 Accounts receivable Current assets Current liabilities Long-term debt Short-term debt Total liabilities Interest expense Capital expenditures Equity Cash from operations 1,097.16 735.30 3,563.56 3,168.33 3,285.39 6,057.95 16,940.81 3,351.63 1,033.96 4,568.83 22,628.42 25,743.17 1,516.90 1,288.29 1,545.48 211.50 4,587.67 (7,152.90) 9.89 Earnings before interest and taxes 1,589.84 155.98 1,877.84 (a) Compute the following liquidity, solvency and coverage ratios for both years. (Round your answers to two decimal places.) 2006 current ratio = 2004 current ratio= 2006 quick ratio= 2004 quick ratio= 2006 liabilities-to-equity= 2004 liabilities-to-equity= 2006 total debt-to-equity= 2004 total debt-to-equity= 2006 times interest earned = 2004 times interest earned = 2006 cash from…
Calculate the dividend payout ratio.
LOWE'S Balance Sheets (in millions) Fiscal 2013 Fiscal 2012 Amount Percent Amount Percent Assets Current Assets Cash S 391 1.2% $ 541 1.7% Short-term Investments 185 0.6 125 0.4 Inventory 9.127 27.9 8,600 26.3 Other Current Assets 593 1.8 S18 1.6 Property and Equipment, Net Other Assets 20.834 63.6 21.477 65.7 1.602 $32.732 1405 S32.666 100,0% 4.9 4.3 Total Assets 100.0% Liabilities and Stockholders' Equity Current Liabilities S 8.876 27.1% $ 7,708 23.6% Long-term Liabilities 12003 36.7 11.101 34.0 Total Liabilities 20.879 63.8 18.809 57.6 11.853 $32732 36.2 Stockholders' Equity Total Liabilities and Stockholders' Equity 13,857 42.4 J00.0% $32,666 100.0% LOWE'S Income Statements (in millions) Fiscal 2013 Fiscal 2012 Amount Percent Amount Percent Net Sales Revenue $53,417 100.0% $50,521 100.0% Cost of Sales 34,941 65.4 33,194 17,327 65.7 Gross Profit 18,476 34.6 34.3 14,327 26.8 27.3 Operating and Other Expenses Interest Expense Income Tax Expense 13,767 476 0.9 423 0.8 1.387 2.6 1,178…
All info for this question is included
Calculate net debt. Cash and cash equivalents Short term borrowings Long term borrowings Commercial paper (liability) Capital / finance lease Accounts receivable Total liabilities Inventory Select one: 2,108.0 2,103.0 2,025.0 14,132.0 3,176.0 419.0 2,883.0 331.0 1,651.0 83.0 17,308.0 5.0
ASSETS Cash Accounts Receivable Inventory Plant and equipment Accumulated Depreciation TOTAL ASSETS LIABILITIES Accounts Payable Accrued Expenses Long Term Notes Payable TOTAL LIABILITIES EQUITIES Common Stock, No Par Retained Earnings TOTAL EQUITIES TOTAL LIABILITIES & EQUITIES COMPUTE THE 1. Current Ratio for 2020 & 2021 2. Quick Ratio for 2020 & 2021 2021 45,000.00 212,500.00 155,000.00 1,885,000.00 (480,000.00) 1,817,500.00 55,000.00 112,500.00 250,000.00 417,500.00 1,000,000.00 400,000.00 1,400,000.00 1,817,500.00 2020 50,000.00 207,500.00 140,000.00 1,662,500.00 (375,000.00) 1,685,000.00 47,500.00 110,000.00 237,500.00 395,000.00 1,000,000.00 290,000.00 1,290,000.00 1,685,000.00
Privett Company Accounts payable Accounts receivable Accrued liabilities Cash $34,824 71,366 6,577 17,107 41,282 80,242 119,433 74,290 32,322 21,034 699,355 2,476 Based on the data for Privett Company, what is the quick ratio, rounded to one decimal point? Oa. 0.8 Ob. 17 Oc. 1.9 Od. 3.3 Intangible assets Inventory Long-term investments Long-term liabilities Marketable securities Notes payable (short-term) Property, plant, and equipment Prepaid expenses 4 Previ
Assets Line Item Description Amount Cash and short-term investments $42,572 Accounts receivable (net) 33,774 Inventory 37,691 Property, plant, and equipment 215,705 Total assets $329,742 Liabilities and Stockholders’ Equity Line Item Description Amount Current liabilities $68,960 Long-term liabilities 98,919 Common stock, $10 par 64,740 Retained earnings 97,123 Total liabilities and stockholders’ equity $329,742 Income Statement Line Item Description Amount Sales $91,805 Cost of goods sold (41,312) Gross profit $50,493 Operating expenses (28,002) Net income $22,491 Number of shares of common stock 6,474 Market price of common stock $28 What is the current ratio?
What is Bank A's ROA based on Figure 1 Balance Sheet ($ in Millions): Assets Liability and Equity Cash $850 Deposits $6,475 Securities 1,925 Other borrowing 1,645 Loans 5,400 Equity 1,030 Other 975 Total $9,150 Total $9,150 Figure 2 Income Statement ($ in Millions): Interest income on loans $450 Interest income on securities 95 Interest expense 246 Noninterest income 78 Noninterest expense 112 Provision for loan loss 35 Taxes 115 Net Income $115 Based on Figures 1 and 2, what is Bank A's Equity Multiplier? A. 8.88 B. 4.75 C. 7.23 D. 8.11
Accounts payable 919 Accounts receivable 631 Accumulated depreciation 1,813 Cash 729 Common stock 1,387 Cost of goods sold 7,578 Current portion of long-term debt 24 Depreciation expense 108 Dividends 13 Goodwill and other long-term assets 2,627 Income tax expense 24 Income taxes payable 12 Interest expense 54 Interest revenue 11 Inventories 930 Long-term liabilities 1,585 Prepaid expenses and other current assets 65 Property and equipment 2,389 Retained earnings 825 Sales 9,710 Selling, general, and administrative expenses 2,276 Unearned revenue 990 Wages payable 148 Prepare the balance sheet.
Use the following financial statements for Lake of Egypt Marina, Inc. LAKE OF EGYPT MARINA, INC Balance Sheet as of December 31, 2012 and 2011 (in millions of dollars) 2012 2011 2012 2011 Current Assets ` Current Liabilities Cash and marketable securities $120 $84 Accrues wages and taxes 60 63 Accounts receivable 110 98 Accounts payable 70 56 Inventory 306 196 Notes payable 80 49 Total current assets $536 $378 Total current liabilities $210 $168 Fixed Assets Long Term Debt $356 $301 Gross plant and equipment $520 $350 Stockholder's Equity Depreciation (106) (70) Retained earnings $385 $182 Net plant and equipment $414 $280 Preferred stock (7 mil. shares) 7 7 Other Long Term Assets $50 $42 Common stock and paid in surplus (42 mil. shares) 42 42 Total stockholder's equity $434 $231 Total Assets $1,000 $700 Total Liabilities and Stockholder's Equity $1,000 $700 LAKE OF EGYPT MARINA, INC. Income Statement for Years Ending December 31, 2012 and 2011 (in millions of dollars) 2012 2011…

SEE MORE QUESTIONS

Recommended textbooks for you

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Foundations Of Finance

Finance

ISBN:

9780134897264

Author:

KEOWN, Arthur J., Martin, John D., PETTY, J. William

Publisher:

Pearson,

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…

Finance

ISBN:

9780077861759

Author:

Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS